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#Australia Parents will receive an $820 payment for every schoolchild under Gillard Govt’s Budget 2012

Julia Gillard

Julia Gillard has acknowledged “political pressure” on her government. Picture: Ray Strange Source: The Australian

PARENTS will receive up to $820 for every child they have at school – paid directly into their bank account next month – as part of a federal government overhaul to combat rising education costs.

In another sign the government is preparing a Robin Hood Budget that targets the rich but helps battling families, Julia Gillard will announce the means-tested payment today.

The Sunday Telegraph can reveal the payment will replace the existing education tax refund, which forced parents to keep receipts to prove they had spent thousands of dollars on computers and school uniforms before claiming a rebate for education expenses.

About a million families eligible for the existing scheme — to be axed in Tuesday’s Budget — were not claiming their full entitlements under the current scheme. The Sunday Telegraph previously revealed about 600,000 families were not claiming at all, missing out on $300 million.

The scheme will be replaced by the new SchoolKids Bonus, worth $820 for every teenager at school and $410 for every primary school child, which will be paid to parents from next year in two instalments – at the beginning of the school year and in July.

But in a one-off bonus, the government will pay refunds for the last financial year into parents’ bank accounts in June as a lump sum as it fights to rebuild its stocks from rock bottom approval ratings.

“In just a few weeks, a million families with kids at school will get extra money in their bank accounts to help with school costs,” Ms Gillard said. “In this Budget, we will deliver a surplus, but today’s announcement is about helping families out as well. We want to make sure families get the help they need to make ends meet.”

About a million families, who qualify for Family Tax Benefit A, will be eligible for the payments, only offered to families earning less than $101,000 if they have one primary-school-aged child, rising to $123,000 for families with two teenagers.

These families have previously been promised lump-sum, cash bonuses of $110 per child in carbon tax compensation, with the first payments to commence on May 16.

The new SchoolKids Bonus will be worth $1640 for parents of two teenage children in high school who qualify, with the one-off lump sum to be lodged in bank accounts next month.

Legislation will be rushed into parliament this week to deliver the cash to families within weeks unless the Coalition blocks the move.

The new bonus will increase the cost of the existing scheme by $400 million, taking the total cost to $1.2 billion.

While parents will welcome the cash, the $830 million handout in June will help the Prime Minister deliver a promised Budget surplus in 2013 by bringing forward the spending into the current financial year. The Gillard government has adopted a similar approach to carbon tax compensation, paying lump-sum, cash bonuses in May and June to shift the impact of the carbon tax compensation from the Budget bottom line in 2013.

The move comes as the PM faces a backlash over the carbon tax, with a senior minister saying it was “killing us”.

Further compensation measures are not expected in the Budget but division has erupted in government ranks over the sales pitch of the unpopular tax.

The PM said the new payment would also help struggling retailers.

“This payment will be good for our economy as well because it will help . . . the retail sector,” Ms Gillard said.

“I believe in managing the economy on behalf of working people. That’s why we work to keep the economy strong, making sure Australian families feel the benefit”

Source: The Daily Telegraph Australia

Businessman posts $1.5m bail but authorities hold onto $40m assets

A MILLIONAIRE businessman charged over a $63 million tax evasion and money laundering scheme has been allowed to return to his Gold Coast mansion after posting bail of $1.5 million. But more than $40 million in luxury assets, including houses, cars and yachts owned by Michael John Issakidis, 67, and an associate will remain in the hands of the authorities after being seized in raids last month. The Australian Federal Police and Australian Tax Office say the seven-month investigation into Mr Issakidis is the largest under Project Wickenby, the federal government’s pursuit of wealthy alleged tax evaders. Advertisement: Story continues below Prime real estate in Sydney and on the Gold Coast as well as several Rolls-Royces, a Lamborghini, an Aston Martin, a Mercedes-Benz and yachts have been seized under the new federal proceeds of crime laws, the AFP said. Mr Issakidis faced Central Local Court last week charged with dealing in the proceeds of crime of more than $1 million and conspiring to cause loss to the Tax Office. Magistrate Antony Townsden granted him bail on the condition he live at his Paradise Point home on a $1 million bail. Rhonda Laraine Issakidis and Nance Beverley Toope also agreed to each post $250,000 with the court. Earlier this year, Mr Issakidis sued ”Baby” John Burgess for $30,000 in unpaid rent the former TV host owed on his sub-penthouse in the Gold Coast’s Q1 building. Greek-born Mr Issakidis is the managing director of NeuMedix Health Group, a group of investment and health technology companies. His bail conditions prevent him from contacting NeuMedix’s co-founder and director Anthony James Dickson. NeuMedix is involved in a program at Griffith University‘s botanical medicine for population health, which is developing herbal medicine to treat dengue fever. Wickenby investigators allege from 2006 Mr Issakidis, through a complex unit trust structure, over-inflated the prices of Australian patents once they were transferred offshore and claimed corresponding depreciation expenses of $63 million. They further allege these funds were laundered through an account in Britain and accounts in Hong Kong before being transferred back into Australia. Mr Issakidis will reappear in the Downing Centre Local Court on August 7.

Courtesy: Sydney Morning Herald

Frequent-flying females

Hotels need to do much more than put skirt-hangers in closets to woo the female traveller. 

Hotels need to do much more than put skirt-hangers in closets to woo the female traveller.

On your next business trip, take a good look around the airport lounge and in the aircraft’s business class cabin. Chances are you’ll find around one passenger in three is a woman.

Take the same snap poll at your hotel of choice and the numbers should take similar shape.

So why does it sometimes seem that airlines and hotels are ignoring a third of their market?

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According to Roy Morgan Research, 35 per cent of Australia’s estimated 2.1 million domestic business travellers – people who’ve made at least one business trip by air within Australia in the last 12 months – are women.

Women also represent 31 percent of Australia’s half-million international business travellers.

A Cornell University report claims that while female businesspeople expect to be treated equally to men, their travel needs are not the same.

“Given the dramatic increase in women business travelers, addressing the needs of this market segment has become increasingly critical for hotels” says Judi Brownell, from Cornell’s School of Hotel Administration.

“Women are developing a clear and consistent message about the need to feel safe, comfortable, empowered, and pampered.”

Brownell says hotels need to do much more than put skirt-hangers in closets to woo the female traveller.

Up in the air

There are some interesting trends in gearing travel towards the female flyer.

Virgin Australia was one of the first airlines in the world to install a ‘Ladies Only’ bathroom in the business class cabin of on its Boeing 777s.

“The Ladies Only bathroom provides additional space and lighting and is valuable when wanting to present a fresh face on arrival after a long haul flight” explains Alison Chalmer, Virgin Australia’s General Manager of Product.

And while a handful of airlines are moving towards unisex inflight amenity kits, Virgin’s female amenity kits for international business class include make-up wipes and a hairbrush.

Another smart touch is the inclusion of a mirror for each seat in Cathay Pacific‘s new business class.

“The mirror is a little touch we added during passenger testing” says Alex McGowan, Cathay Pacific’s Head of Product.

“Ladies said that it would be nice if they could do a little touch-up, and men said that it would be nice if the ladies weren’t doing their makeup in the bathrooms!”

Hotels are also starting to think about female business travellers as more than a person who ticks the ‘Ms’ box on the checkin form.

The Pan Pacific at San Francisco offers female guests a discreet security escort from the lobby to their room.

Wyndham and Loews hotels have set aside ‘networking tables’ in hotel restaurants for solo women who prefer to dine with others rather than sit alone.

And in typically glam style, W Hotels’ ‘Wonder Woman’ packages include three lip glosses, a signature fragrance, black mascara, a silk eye mask and free cocktail.

The bloke-free hotel floor

Some hotels are even opening women-only floors from which all men – not just guests but male porters and room service staff – are barred.

“Women-only floors can be a good idea in cities where women may feel vulnerable when travelling alone” suggests Suzi Dafnis, Community Director of the Australian Businesswomen’s Network.

“If that choice was available to me, I’d probably take it” Dafnis says. “I don’t know any woman that would say no to a room with high-powered hair dryers, a good quality cosmetic mirror and lighting, beautiful bath salts or healthier options on the menu.

“London, Vancouver, Singapore and New York – four cities that where hotels have this feature – don’t strike me as cities where it’d be out of a sense of safety that women would choose to stay in a women-only floor.”

Dafnis also suggests that “Australian standards are also such that safety wouldn’t be the main motivator.”

A business travel survey by the UK’s Barclaycard indicated that only 24 per cent of female business travellers wanted women-only floors, with improved gyms being a higher priority.

That can also include in-room fitness gear for women who’d rather not visit the hotel gym.

Some Hilton and Marriott hotels let you borrow low-tech workout equipment such as mats and weights, while Westin’s dedicated Workout Rooms come with your choice of a treadmill or stationary bike plus extras such as dumb-bells, a yoga mat, Swiss ball, jump rope and even fitness DVDs.

Hong Kong’s Metropark hotel in Wanchai boasts a women-only ‘She’ floor where the rooms are decorated along female lines with ‘themes’ of flowers and ballet and Thann cosmetics.

But women-only floors have met with mixed results as well as mixed response.

In early 2011 Brisbane’s Portal Hotel decreed its fifth floor would be a ‘man-free zone’.

Each of the 11 rooms was stocked with fresh flowers and candles, female toiletries like a cleanser and face mask, hair straighteners and magazines such as Madison, Vogue and Harper’s Bazaar.

There was even a ”Pamper Bar’: think of a mini bar stocked with organic beauty products instead of booze!

While the concept appears to have been well received by guests, the doors to the female-only floor were thrown open to men (and the raft of women’s touches scrapped) when the Portal was rebranded as part of the boutique Diamant chain.

Copenhagen’s Bella Sky Hotel, a conference hotel in the city’s Orestad district, faced legal action last year when a court ruling by the Danish Gender Equality Board decreed that its women-only floor was discriminatory and therefore illegal.

“We have 814 other rooms, and there are 20 reserved for women. That means there are 794 rooms for everyone” said hotel chief Anders Dueland, who has flouted the ruling and continues to keep the ‘Bella Dona’ floor as a haven solely for female guests who value the scented rooms with flowers, and bathrooms fitted with “spacious showers, lots of mirrors and large hair-dryers”.

“In Denmark, there are running races reserved for women, there are bicycle races reserved for women, there are pools where the changing rooms are just for women or just for men” Dueland argues. “There are toilets just for women. Is that discrimination?”

How good are airlines and hotels at catering for women business travellers? And are women-only floors really discrimination or a better way to cater specifically for their needs?

David Flynn is a business travel expert and editor of Australian Business Traveller.

Twitter: @AusBT

Australia cuts its rates more than forecast to 3.75%

Fruit seller in Sydney
A slowdown in consumer price growth has made it easier for the central bank to cut rates

The Reserve Bank of Australia has cut interest rates more-than-expected because economic conditions were “somewhat weaker” than forecast.

It added that inflation had also moderated in recent months.

The bank cut its key rate to 3.75% from 4.25%. Most analysts were expecting a 0.25 percentage point cut.

There have been increasing signs that Australia‘s economy is being hit by a slowdown in global growth and demand for its resources.

“This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated,” the Reserve Bank of Australia (RBA) said in a statement.

“Growth in the world economy slowed in the second half of 2011, and is likely to continue at a below-trend pace this year.”

Aggressive support?

One of the biggest headaches facing policymakers over the past year or so has been the fact that Australia was developing a two-speed economy.

While Australia’s mining and resources sector has been booming, the other parts of Australia’s economy have not been doing as well.

Figures out last week only compounded the fears of analysts and politicians.

A report showed that new home sales fell to their lowest level in more than a decade in March. At the same time, home prices have fallen for a fifth straight quarter, while retail sales have shown little growth.

The government welcomed the interest rate move by the central bank.

“This is the interest rate cut that households and small businesses have been hanging out for,” said Wayne Swan, Australia’s Treasurer and Deputy Prime Minister.

“It is very welcome, it is well deserved and it is certainly much needed by households under financial pressure.”

Analysts said that the surprise move by the central bank showed that it was trying to give growth a positive jolt and that it opened the way for more rate cuts in coming months.

“It suggests that the RBA is pretty worried about where growth is headed and some aggressive monetary support was needed,” said Matthew Circosta of Moody’s Economy.

“I think the bias is towards more rate cuts. With the low inflation outlook it gives them scope to cut rates further.

BBC News

Clive Palmer (Australian Mining Magnate) plans to build Titanic II

Queensland billionaire mining magnate Clive Palmer has unveiled his plans to build the Titanic II to add to his tourism portfolio.

Mr Palmer said his new company Blue Star Line Pty Ltd had commissioned the state-owned Chinese company CSC Jinling Shipyard to build a near replica of the ill-fated Titanic. The cost is unknown.

He made the announcement on the same day he revealed his hopes to contest the next federal election in the Queensland seat of Lilley, held by Deputy Prime Minister and Treasurer Wayne Swan.

The Titanic.The Titanic. Photo: AP

Mr Palmer said the companies had signed a memorandum of understanding to build the cruise liner in China, with the ship’s maiden voyage from England to North America scheduled for late 2016.

“It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st-century technology and the latest navigation and safety systems,” Mr Palmer said.

Mr Palmer said the rebuild was a tribute to the spirit of the men and women who constructed the original Titanic.

“These people produced work that is still marvelled at more than 100 years later and we want that spirit to go on for another 100 years,” he said.

The Titanic was commissioned by the company White Star Line and was the world’s largest liner, measuring nearly 270 metres long, 53 metres high and weighing approximately 40,000 tonnes.

It sank in 1912, killing more than 1500 passengers and crew.

Asked today if the Titanic II could sink, Mr Palmer told reporters: “Of course it will sink if you put a hole in it.

He added: “It is going to be designed so it won’t sink.

“It will be designed as a modern ship with all the technology to ensure that doesn’t happen.

“But, of course, if you are superstitious like you are, you never know what could happen.”

A spokesman for Mr Palmer said the cost of the project was unknown.

“A final budget hasn’t been set and I don’t think he’ll reveal the price to be honest,” the spokesman said.

He said the design of the new Titanic would be as close to the original as possible but would have “state of the art engineering” and would run on diesel rather than coal power.

“The technology will be 100 years improved,” the spokesman said.

Mr Palmer said a historical research team was involved in the design of the Titanic II, which would have the same dimensions as its predecessor, with 840 rooms and nine decks.

The only differences would be found below the water line, he said, and would include a bulbous bow for greater fuel efficiency and diesel generation, and an enlarged rudder and bow thrusters for improved manoeuvrability.

“Titanic II will be the ultimate in comfort and luxury with on-board gymnasiums and swimming pools, libraries, high class restaurants and luxury cabins,” Mr Palmer said.

He said the new ship would also include an exhibition room, located in the space of the old coal boilers, which will showcase Queensland and its abundance of opportunities to international passengers.

The Chinese navy has been invited to escort the Titanic II on its maiden voyage across the northern hemisphere from England to New York, he said.

Mr Palmer owns the Sunshine Coast’s Coolum Golf and Spa Resort, and the Gold Coast’s Robina Woods and Colonial golf courses.

with Daniel Hurst and AAP
Read more: http://www.smh.com.au/business/clive-palmer-plans-to-build-titanic-ii-20120430-1xtrc.html#ixzz1tZP9YDps

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